Intuit price target raised to $260 from $255 at Credit Suisse. Credit Suisse analyst Brad Zelnick reiterated an Outperform rating on Intuit and raised his price target to $260 from $255 following the company's above-expectations Q2 results. In a research note to investors, Zelnick says Q2 ARPU growth and management's commentary on TurboTax Live traction and trade-down reinforces his positive outlook on tax this season.

Intuit price target raised to $254 from $239 at Oppenheimer. Oppenheimer analyst Scott Schneeberger reiterated an Outperform rating on Intuit and raised his price target to $254 from $239 following "strong" Q2 results, citing Intuit's "enviable" growth and relatively defensive profile. In a research note to investors, Schneeberger says that despite meaningful outperformance in the first two quarters of the year and Q3 guidance encompassing expectations, he is conservatively maintaining his FY19E adjusted EPS of $6.48.

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. ConocoPhillips (COP) upgraded to Buy from Neutral at Goldman Sachs with analyst Neil Mehta citing better than expected Q4 results to reflect better long-term differential assumptions outside of the U.S., a reduced operating cost outlook given recent trends, higher oil volumes in the Lower 48, Alaska, Asia to reflect project-by-project builds and slightly higher Australia LNG distribution payments up to Conoco. 2. Aon plc (AON) upgraded to Buy from Neutral at MKM Partners with analyst Harry Fong citing the company's "good organic growth" of 6% reported in Q4 as well as its "very strong" free cash flow generation. 3. Intercept (ICPT) upgraded to Strong Buy from Outperform at Raymond James with analyst Steven Seedhouse citing his "unusually high amount of conviction in REGENERATE" trial data, noting that all the attempts to test his confidence in the investment story have only made him more bullish. 4. Intuit (INTU) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Keith Weiss saying new products, tax code changes and a more benign competitive environment position the company to exceed conservative revenue expectations in FY19. 5. Addus HomeCare (ADUS) upgraded to Outperform from Neutral at Baird with analyst Matthew Gillmor saying he believes secular drivers will support attractive growth and bullish fundamentals for the home care sector. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Morgan Stanley upgrades Intuit to Equal Weight with multiple catalysts ahead. As previously reported, Morgan Stanley analyst Keith Weiss upgraded Intuit to Equal Weight from Underweight, stating that new products, tax code changes and a more benign competitive environment position the company to exceed conservative revenue expectations in FY19. The company's new initiatives to transition its legacy installed base to QuickBooks Online Enterprise are ramping well and the company is also at work on several initiatives to improve retention, Weiss tells investors. Though he maintains his concerns on mix shift towards lower margin businesses limiting EBIT growth, he sees the company having the potential to improve unit growth and sustain the strong average selling price growth seen last tax season in its Consumer Tax segment, Weiss added. He raised his price target on Intuit shares to $225 from $172.